Science
My daughter showed me a picture the other day, of a photo of Earth taken by the Voyager 1, as it was leaving our solar system in 1990. Voyager 1 was about 6 billion kilometres away from Earth at that time and our planet was show as a tiny dot.
You can see the picture HERE.
It is those types of pictures that make you realize how small we are. And how futile our fights and differences are. If you think about it, it is quite amazing that we got this far at all!
In 1963, the Bronx Zoo in the New York, showed the most dangerous animal in the World. It featured a mirror and text describing the dangers humans pose to life on Earth. And I believe that it is still true.
We are damaging our environment, threatening our fellow humans, and generally ignoring our culture and heritage. Although for some part, the latter is not always that bad. There are numerous traditions that we can do without, and that would actually make the world a little bit better.
Although there are now 175 countries in the world that have a VAT system, VAT is not the solution to save the world. That is up to us, you and me.
So much for the serious part. Let us not forget that this is an introduction to a newsletter about VAT.
We have made a post of upcoming events for the coming months. Should you be organizing something, even if it is only for local VAT people, please let us know and we will add it to the agenda. We are working on updating our website so that the agenda can be shown at a separate page, so that you will not have to search for the post again every time you want to see what is upcoming. And who knows, we may surprise you with our own event in Autumn 2023. Just keep following our website and you will be the first to know!
If you have any comments, questions, or ideas that you want to share with us, please send us an email at [email protected] or leave a comment under the posts of this newsletter on LinkedIn.
To go to the specific region of your interest, follow the link below.
WORLD
- ITR: This Month in Indirect Tax: Saudi Arabia’s Tax Amnesty; Poland v the EU; India’s WTO Complaint
- IBFD – Spring Book Sale: Save 30%
- What is responsible AI and how can it help harness trusted generative AI?
- The Ultimate Country Tax Guides for Global Enterprises
- June 6, 2023, 2023-1014 PE Watch | Latest developments and trends, June 2023
- How many countries have VAT or GST? 175
- Shared Service Centres: E-invoicing compliance essentials
- Indirect Tax Experts need to continuously build their knowledge: Here is the Calendar on Indirect Tax…
- Chemical & Pharmaceutical Tariff Classification
WEBINARS/ EVENTS
- Sovos webinar: VAT Reporting and SAF-T: Progress and Prospects (June 8)
- Event: E-Invoicing summit in Berlin on June 12th and 13th, 2023
- Edicom Webinar – Recorded version & FAQs – E-Invoicing in Poland
- Webinar Edicom/Deloitte – Recorded version – Mandatory B2B e-Invoicing in Poland
- Fonoa Webinar – Tax Essentials: Portugal Digital Reporting Fundamentals (June 7)
- IBFD Course – VAT in the Digital Economy
- Sovos – Recorded webinar – Event Planning and VAT Obligations: Everything You Need to Know
AFRICA
- VAT Guidelines for Non-Residents: Digital and Remote Service Providers in Egypt
- Google to Impose 14% VAT on Services in Egypt as of July 1st
- GRA to Roll out Night Market Tax Collection Exercise
- The benefits of Ghana’s new E-VAT system
- GRA to charge importers additional 12.5% if they fail to register for VAT
- KRA adds 61 percent of VAT Accounts to Online Tax Portal
- President Ruto orders for a review of proposed tax on digital content creators
- Kenya controversial tax law back to parliament
- 2023-2024 Budget: Removing VAT on 15 key items of everyday consumption
- 2023-2024 Budget: MRA to launch a portal to test the Electronic Billing Systems
- 2023-2024 Budget: Special levy on Banks
- Implementation of Measures announced in Budget Speech 2023-24: Additional items zero rated per 5 June 2023
- Nigeria Finance Act 2023 Signed into Law
- Indirect tax changes in Finance Act 2023
- Direct and Indirect Tax Changes in Finance Act 2023
- Understanding VAT in Nigeria
AMERICAS
- Government Plans to Change VAT Reporting Period for Large Taxpayers
- Plans to change VAT Reporting Period for Large Taxpayers
- Small Businesses Urge Government to Reconsider 10% VAT on Yachts
- Extended deadline for certain taxpayers to register in VAT sales and purchases registry for May 2023
- Federal Superior Court of Justice Examines ICMS-ST Refund Rules Amidst Controversy
- Supreme Court Suspends Nationwide Cases on Exclusion of ICMS Presumed Credits from…
- Supreme Court Defines Payment Location for Health Insurance and Financial Companies’ Service Tax (ISS
- Brazil VAT Implementation Update
- Brazil VAT implementation update
- Brazil lawmakers propose reforms combining consumption taxes
- Brazil Tax Agency Releases Updated Version of Electronic Bookkeeping Platform for ICMS, IPI
- Government Reacts to the ‘Case of The Century’ And Excludes State VAT (ICMS) From Basis Of PIS/COFINS Credits
- NF-e – Mandatory electronic invoicing system in Brazil
- Government Proposes Reduced VAT Rate for Medical Equipment, New Forestry Tax
- Costa Rica Updates List of Digital Service Companies Subject to VAT Withholding
- Costa Rica Updates List of Digital Service Companies Subject to VAT Withholding
- Costa Rican Tax Authority updates the list of cross-border digital services subject to VAT
- Dominican Republic Introduces Mandatory E-Invoicing
- Dominican Republic Implementing Mandatory E-Invoicing
- Finance, Ways & Means Committee leaders introduce bill approving Taiwan trade agreement
- State by State Guide to Economic Nexus
- 2023 Sales and Use Tax Dean’s List
- Minnesota enacts retail delivery fee and other sales and use tax law changes
- North Carolina: Facilitation of Money Deposits for Telecom’s Customers is Taxable Prepaid Wireless Calling Services
- Missouri DOR Adopts Amended and New Rules on Drop Shipments and Marketplace Facilitators
- Louisiana: New Law Eliminates 200 Separate Transaction Economic Nexus Threshold
- Why A National Sales Tax Is a Terrible Idea
- State & Local (SALT) Newsletter May 2023 by Aprio
- Digital Business Network Alliance launch: North America’s approach to electronic invoicing
- NJ wants to give you an annual 10-day break from sales tax
- New Jersey Updates Streamlined Sales Tax State Taxability Matrix to Version 2022.2 Effective March 28
- New Law Reduces Florida’s Sales Tax Rate on Commercial Rent
- 5 Tips for Managing U.S. Sales Tax from Overseas
- Does New Jersey charge sales tax on services?
- Colorado Amends Carry Out Bag Fee
- Maryland Supreme Court vacates lower court rulings on digital advertising services tax
- Minnesota: New Law Imposes Retail Delivery Fee on Some Items Delivered to In-State Customers
- Illinois DOR Answers Questions Involving Drop Shipments and Marketplace Facilitators
- S. Sales Tax Exemptions 101
- Louisiana’s Economic Nexus Law Explained
- Florida: New Law Lowers Tax Rate on Commercial Rental of Real Property
- Colorado DOR Says Taxable Telecom Includes Call Conferencing and Stresses 30-Day…
ASIA-PACIFIC
- Advice under development – ATM fees and credit, debit, and prepaid card surcharges [updated]
- Interactive GST calculation worksheet for BAS
- VAT Registration Compulsory for all Foreign Entities in Bangladesh
- VAT on essential commodities go up, raw materials down
- India Releases FAQ on New Invoice Registration Portal Partners
- Supply of goods and services through separate agreements will not be considered as composite supply
- GSTN issued important advisory on E-Invoice Verifier App
- Bombay High Court’s Ruling Creates Waves in GST Taxation Landscape!
- CBIC; Mandatory additional qualifiers in import/export declarations in respect of certain products w.e.f. July 01, 2023
- Director’s Remuneration & Sitting fees: Reverse Charge Mechanism under GST
- GST Payable on rental, night charges and fuel cost
- 50th GST Council meet to be held in June-end: Here is what is on the agenda
- India Lowers E-invoicing Threshold to INR 50 million
- Indirect Tax Weekly Digest | 06 June 2023
- Indirect Tax Newsletter April 2023
- GST Council meet: GSTAT on agenda
- Brief Guide to GST Section 15 for Value of Taxable Supply
- GST evasion involving 10 fictitious firms detected; 1 held in Gujarat
- Refund of CENVAT credit pertaining to the period prior to registration cannot be denied
- Delhi High Court comes to the rescue of McDonald’s India as GST refund rejection gets overturned
- Services rendered to holding company under an agreement does not make the service provider an intermediary
- Kazakhstan VAT rate rise
- Exclusive: Kazakhstan Plans to Hike Mining Tax, VAT, Economy Minister says
- Payments through QR codes separately Three-Component Integrated System do not contribute to the threshold for VAT registration
- Kazakhstan Adopts Extended List of Activities Subject to Retail Tax Regime
- Philippines needs updated tax laws for the digital economy — PIDS
- Sen Lapid Bats for VAT Exemption for Seniors
- Clarifications on the entitlement of economic zone developers and operators to VAT zero-rating
- Negative List for VAT Zero-Rating
- Senator Lapid Bill Seeks to Expand Discount, VAT Exemption for Elderlies
- to Boost Tax Revenue by Removing VAT Exemptions
- Sri Lankan cabinet approves proposal to remove many VAT exemptions
- Cabinet approval for two VAT reforms
- Cabinet approves proposal to abolish SVAT system and rationalize VAT exemptions
- Sri Lanka Aims for 1.2-pct GDP Revenue Gain from Scrapping VAT Exemptions
- VAT cut Proposed for Extension until Late 2024
- VAT refund Vietnam: Update on the current process
- Value-Added Tax in Vietnam
- Government Firm on not Extending 6-Month VAT Rebate
EUROPE
- Flashback on ECJ Cases – C-98/07 (Nordania Finans and BG Factoring) – Leased goods routinely sold on termination to be included in VAT partial exemption calculation
- Agenda of the ECJ VAT cases – 2 Judgments, 1 AG Opinion, 2 Hearings in June 2023
- Comments on ECJ C-89/23 – New referral – sale of pledged goods – whether sale and commission are exempt
- Roadtrip through ECJ Cases – Focus on” Right to deduct VAT – Non-Taxable persons”
- Fixed establishment in view of ECJ’s (upcoming) new decision
- ECJ C-241/23 (P. sp. z o.o.) – Questions – Is the consideration the Nominal or Issue value of the shares?
- European Commission Sends Reasoned Opinion to Cyprus on VAT Rules for Dwellings
- Draft Ecofin report to the European Council on tax issues
- Customs reform: Taking the Customs Union to the next level
- What is the DAC7 directive, which fights against tax abuse related to marketplace activity?
- EU Customs Reform: A data-driven vision for a simpler and safer Customs Union
- Council Resolution on customs cooperation in the area of law enforcement and its contribution to the internal security of the EU
- EU VAT refund claim deadline approaching
- European Commission WebEx: Enhanced Coordination Mechanism on VAT and excise Thursday 15…
- European Ministers to Discuss VAT, Energy Tax and Shell Companies at Next ‘Economic and Financial Affairs’ Council
- Everything You need to Know About the EU One-Stop-Shop
- Tourist Organisations Question EU VAT in the Digital Age 2025 Reforms
- European Commission proposes reforms of EU customs legislation
- European Commission plans comprehensive reform of Customs Union
- The digital euro is coming
- Are your organizing an event within the EU Be aware of the TOMS
- The new EU Customs Union Reform
- EU Proposal for a Modernised Union Customs Code
- Commission proposes major tariff reform for January 1st, 2028
- IBFD Book: A Guide to the European VAT Directives 2023
- 2028 EU Customs Reforms Introduces Deemed Importer
- E-Invoicing – Continuous Transaction Controls (CTC): A global strategy is crucial
- The European Commission invites to share feedback about electronic invoicing
- Timeline of E-Invoicing & E-Reporting mandates in the European Union
- EU Extends Suspension of Duties on Imports from Ukraine
- The ViDA Proposal in the European VAT System: Invoice Exchange by Tax Authorities in the Future
- ViDA – Concerns and Recommendations
- Recent newsletters on VAT in the Digital Age (ViDA)
- VAT in the Digital Age (ViDA): Your Guide
- POLL: ViDA: Does the EU Council need to propose a consistent framework of reporting based on e-invoicing for intra-EU and domestic transactions?
- On June 16, 2023, the EU ECOFIN Council will discuss the ‘VAT in the digital age’ (ViDA) package
- Last call for action: notification of VAT deduction according to actual use (30/06)!
- The electronic filing of a Belgian (non-resident) VAT return will run via the MyMinfin platform
- Amendments to VAT provisions approved by Council of Ministers
- Reduced VAT on First Homes Passed into Law (Updated)
- Finance minister warns of VAT consequences
- Proposed reduction in VAT on a number of products and services
- VAT Proposal on Homes at the Plenum under EU Pressure
- Overview of tax amendments proposed in relation to recovery package (focus on VAT rate changes)
- The Main European Prosecutor: A Number of VAT Frauds are Connected to the Czech Republic…
- Danish Digital Bookkeeping Obligation
- Denmark expands tax liability scope to include activities carried out in the Exclusive Economic Zone
- Ruling: Artist – Copyrights – Transfer of a going concern?
- Pension institutions – conditional guarantees – investment funds within the meaning of the VAT Act –…
- Management Signal – Management of Investment Funds – Running Access to Partial VAT Exemption – Resumption
- Investment Funds – Departments – Pension Products/Schemes – VAT Exemption – Determination – Clarification – Management Signal
- Steering signal – Section 13 (1) of the VAT Act. 1 (11) (f) concept of management – software licenses and tax tasks – resume
- Confusion not VAT-free business transfer
- Transfer of limited partnership and subsequent confusion not VAT-free business transfer
- Estonian Government to Confirm New VAT Rates on Monday (June 12)
- Coalition did not yet reach agreement on new VAT Rates
- Estonian Parliament Considering Draft Bill for New Reporting Obligations for Payment Service Providers to Combat VAT Fraud
- Draft Laws and Tax Hikes
- Government Submits Draft Bill Implementing Directive on VAT Data Reporting Requirement for Payment Service Providers to Parliament
- Supreme Administrative Court: Marginal scheme, profit margin, car tax export refund
- The administrative court has rejected Sanoma’s appeal concerning the VAT treatment of distribution of certain magazines
- EPPO arrests three suspects for Europe-wide VAT fraud involving sales of second-hand cars
- France VAT Fraud Measures Roadmap
- Five Key Questions about E-Invoicing and E-Reporting in France
- France VAT & Customs fraud measures roadmap
- Electronic invoicing: transmission of payment data
- France Publishes E-invoice Specifications in English
- Understanding SIRET and SIREN
- The Official Value Added Tax (VAT) Manual 2021 is now available online
- Event: E-Invoicing summit in Berlin on June 12th and 13th, 2023
- VAT Insolvency Law – Subsequent Liability of the Taxable Person for VAT Debts
- Economy calls for simplification of tax procedures for import VAT
- Mandatory e-invoice and new reporting system for B2B sales
- Federal Fiscal Court: Reduced VAT rate for food with promotional packaging
- EESPA endorses the VeR position towards the German e-invoicing plans
- Electronic invoice in Germany, compulsory from 2025
- Customs Flash: VAT exemption to imported goods
- New Democracy: VAT Reduction in Food will Benefit the Wealthy
- Formal notice to Greece (INFR (2020)4001) about properly registration tax and environmental tax on second-hand vehicles from other EU member states
- Irish Revenue Creates New VAT Tax and Duty Manuals on the Treatment of Clothing, Human Medicines, and Animal Medicines
- State Ignoring ‘VAT Scam’ as Poultry Farmers make Millions out of Dodgy Tax Scheme
- Ruling – VAT implications of an Italian branch of a Luxembourg-based asset management company
- Italy: EPPO arrests suspected ringleader of €28 million VAT fraud scheme
- Ruling 341: VAT Treatment of Vouchers Issued by a Large Retail Company
- Ruling 337: Reduced VAT for supplements classified as “food preparations”
- VAT exemption for investment gold regardless of the format
- GST introduced for overseas retailers importing to Jersey
- Jersey GST applied to ecommerce from 1st July
- Luxembourg Tax Administration Clarifies VAT Treatment of Company Cars
- Increase of the threshold of obligation to file Intrastat returns
- No interest neutrality despite coherence between VAT compensation and additional assessment
- Court of Zeeland-West Brabant: Inadmissible Request for VAT Refund due to Failure to Meet Statutory Deadline
- Court of Zeeland-West Brabant: Taxpayer failed to prove that all the conditions for claiming the input tax deduction were met
- Dutch lowest court rules that a private equity investment fund is not entitled to the recovery of VAT on transaction costs
- Lending counts towards determining the pro rata deduction
- Court of Amsterdam: VAT Deduction and Insurance Classification in Pension Agreement
- Court of Amsterdam: X cannot be regarded as an entrepreneur
- As of 2012, Architectural consultant is no longer a VAT entrepreneur
- Collective advocacy and research are independent non-economic activities
- According to the court, limited partnerships are sole proprietorships that perform VAT-taxed services
- New tax interest rates as of 1 July 2023
- Preliminary questions about interest on arrears on VAT included in Invite for Payment (UTB)
- Investment Fund is not a VAT entrepreneur: no right to deduct input tax
- Dutch Court Upholds VAT Assessments and Penalties for Incorrect Deduction Calculation in Loan-Providing Company
- VAT recovery on transaction costs for PE fund denied
- Secretary of State has decided not to appeal the Court’s ruling in the case involving X and the deduction of VAT
- Investment Fund is not a VAT entrepreneur: no right to deduct input tax
- Applying the VAT reverse charge? Know your customer!
- Documents that are subject to an inspection report by the Tax and Customs Administration usually do not have to be submitted
- Granting access to the outdoor swimming pool partly taxed partly exempt from VAT
- Intrastat the Netherlands: update on 2023 reporting obligations
- The option to donate unused MBs does not lead to a VAT refund on subscription fees
- Telecom provider also owes VAT on support bundle
- Legislative proposal for the Implementation of the Small Businesses Regulations Act adopted
- Fine for VAT entrepreneur who pretends to have a CV
- SLIM VAT 3 package announced
- Empty invoices are still of interest to the tax office
- Slim VAT 3 published
- Installation of solar collectors carried out by the commune from European funds without VAT
- Slim VAT 3 Package – changes regarding intracommunity transactions
- National e-Invoice System in Poland: FA (2) Logical Structure
- Poland Publishes New E-invoicing Logical Structure
- SLIM VAT 3 package signed by the president
- Re-invoicing media costs per tenant – what VAT rate?
- The right of the commune to fully deduct input VAT on invoices documenting expenditures for the construction of the marketplace
- The moment of the first occupation of the premises purchased from the developer
- How to assess whether the supply of real estate is exempt from VAT?
- Garages and parking spaces – what VAT rate?
- Delivery of commercial real estate and the enterprise/organized part of the enterprise
- Free transfer of goods and VAT
- Sales of goods at promotional prices – VAT consequences
- Scheme of an advertising agency and VAT
- Effects in VAT of transformation of perpetual usufruct of land into ownership right
- Mandatory KSeF is Getting Closer – New Version of FA (2)
- Slim VAT 3 already signed by the president
- Consumer invoices outside KSeF will complicate settlements
- NSA: Sanction in VAT without security on the taxpayer’s assets
- NSA: The resolution on powers of attorney is sufficient
- Fiscalization of online cash registers in Poland
- The tax office checks taxpayers on Facebook, Instagram, and trading platforms
- The Tax Agency dismantles a VAT fraud network in the used vehicle sale sector
- Court Ruling: Hunting Lease of Rural Land Not Exempt from VAT
- Bizkaia: What is Batuz LROE?
- Bill Implementing DAC7 Enacted, Implications for Financial Institutions
- Spain BATUZ Strategy
- VAT Treatment of Sale of Refurbished Storage Units – DGT Consultation
- An even more reasonable use and enjoyment rule in Spain
- Spanish VAT Rate Changes 2023
- Ships sailing on the high seas
- Delivery of certain assets when the input tax at the time of acquisition was not deductible
- The statement “Tax liability for the provision of parking spaces for vehicles” shall no longer be applied
- The position “VAT on the provision of parking spaces for boats and parking spaces for caravans” shall no longer be applied
- The position “Voluntarily liable for tax for the rental of business premises by issuing an invoice with output VAT” shall no longer be applied
- The statement “Incorrectly charged VAT and time for accounting of change if special reasons exist” …
- The position “Change of accounting method to accounting method” shall no longer be applied
- The position “Retroactive deduction when renting business premises and adjustment” shall no…
- The position statement “Question about the right to deduct VAT in case of so-called onward invoicing to other companies in a group” shall no longer be applied
- The position “VAT on reimbursement for court costs” shall no longer be applied
- New position: No right of deduction according to ch. 7 Section 3 of the Act on tax on energy for biogas and…
- No VAT deduction for office equipment in employees’ homes
- VAT Regulation (2023: 328)
- The position “The turnover limit for accounting for VAT according to the year -end method” should no longer be applied
- The position “Deduction right for input VAT on process costs in tax matters” shall no longer be…
- Updated Guidance on VAT exemption for Digital Currency Transactions via Digital Wallets
- The position “profit marginal taxation of used goods transmitted from other EU countries” shall no longer be applied
- The position “Taxation basis for import, VAT” shall no longer be applied
- The position “Exceptions to tax liability and country of sale for aircraft when turnover takes place…
- The position “Community acquisitions and the acquisition threshold at so-called. Mixed activity” shall no longer be applied
- The position “Exceptions to tax liability for warships and repayment rights; VAT” should no longer be applied
- The position “Turning Country for Services on vessels or aircraft in foreign traffic” shall no longer be applied
- The position “Turning country for the turnover and mediation of travel services” shall no longer be applied from 1 July 2023
- The position “The concepts of taxable person and economic activity – VAT consequences for non -profit associations” should no longer be applied
- New goods traffic system «Passar» goes live
- The groundhog says hello every year: Apply for input tax refund now! Deadline approaching!
- Is it necessary to charge VAT on the free transfer of goods of the Armed Forces of Ukraine?
- Supply of staffing services by a VAT payer to a resident/non-resident
- Procedure for filling out the header part of the tax invoice when carrying out transactions for the…
- VAT rules for export of goods within the limits of commission contracts
- Supply of spare parts and accessories for cars: when is the zero VAT rate applied?
- HMRC Guidance: VAT guide (VAT Notice 700)
- British Telecommunications PLC – UT – procedural case – Bad Debt Relief – whether FTT correct to strike out appeal – yes
- HMRC Policy paper Revenue and Customs Brief 6 (2023): VAT liability of digital publications — Supreme Court decision in News Corp and Ireland Ltd
- VAT – What is reasonable care?
- VAT reform could incentivise the installation of energy-saving materials, says CIOT
- FTT: COONLEY TRADING LTD & Anor – whether the first appellant was entitled to the disputed input…
- HMRC Guidance: Fuel and power (VAT Notice 701/19)
- Open consultation – Introducing a voluntary standard for customs intermediaries
- Court Case: Distinction VAT exempt leasing and letting of immovable property and a more comprehensive service
- Newly introduced penalties within the VAT eco-system
MIDDLE EAST
- Tax authorities disclose criteria for random sampling approaches for tax inspections
- IMF Report Recommends Implementation of VAT and Excise Taxes
- Sultanate of Oman VAT Taxpayer Guide for Input Tax
- Oman Provides Tax Exemptions for Electric and Hydrogen-Powered Vehicles
- Saudi Arabia: Proposed Amendments to Zakat & Tax, Excise, VAT and RETT Regulations
- Saudi Arabia Makes Electronic Invoicing Mandatory: FATOORAH Project
- Input VAT refund for Eligible Persons – Filing deadline June 30, 2023
- Comparing the Implementation of VAT and Corporate Tax in the UAE: Key Differences and Implications for Businesses
- US Louisiana Withdraws Marketplace Sales Tax Threshold
